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economy. plus the financial outlook is getting better for more american cities, and we will introduce cow to the inventor who is using legos and other toys to make medical devices on the cheap. i'm david shuster in for ali velshi, and this is "real money." ♪ >> this is "real money," and you are the most important part of the show, so join our live conversation for the next hour by using the hashtag a.j. "real money" on twitter. ten days into a government shutdown and one week away from an october 17th debt ceiling meltdown. house republicans now appear ready for a deal of sorts that would exfengd the government's debt limit for six weeks. house leaders met with president obama thursday evening to discuss the proposal. talks will continue. in return for kicking the can down the road to november 22nd, republicans want president obama to sit down with gop leaders and negotiate longer-term budget issues. the president has already indicated he is ready to embrace temporary solutions to the crisis
economy. plus the financial outlook is getting better for more american cities, and we will introduce cow to the inventor who is using legos and other toys to make medical devices on the cheap. i'm david shuster in for ali velshi, and this is "real money." ♪ >> this is "real money," and you are the most important part of the show, so join our live conversation for the next hour by using the hashtag a.j. "real money" on twitter. ten days into a government...
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but we have to get the economy growing. we're working at an economy far below capacity. what that means is that workers have stagnant wages and these numbers that they're missing on will never be regained again. >> thank you for joining us. sylvia salgretto, from u.s uc berkeley. >> one company selling popcorn, but not in the way that you might think. >> hiring temp workers in time for the holiday rush. they were about to receive a lone, but the government shutdown delayed the low. you're doing well. you're expanding. you want to hire people. you have a small business administration loan. it's still you borrowing money from a bank, but it has to go through the government. you were close, what, within a couple of days? >> yeah, we were very close. >> so now what happens? you're watching closely. we're watching the nat, we are watching the house, they're going to open up tomorrow morning and you're going to call and say, give me my. minute. >> we're not achieving much, so now we just wait. >> the holiday season that we think comes in right after thanksgiving, but seems to
but we have to get the economy growing. we're working at an economy far below capacity. what that means is that workers have stagnant wages and these numbers that they're missing on will never be regained again. >> thank you for joining us. sylvia salgretto, from u.s uc berkeley. >> one company selling popcorn, but not in the way that you might think. >> hiring temp workers in time for the holiday rush. they were about to receive a lone, but the government shutdown delayed the...
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economy, but also the entire global economy. this is mission critical that this be resolved as soon as possible, mission critical. >> they are no strangers to terms as mission critical. nations across the continent are still weary. deputy in austerity, riots and high unemployment greece announced it is only now projected to make positive gdp growth in six years. a global hit such as an u.s. default could risk everything. in japan, they are serious about the stateside stalemate. >> to ensure that this problem does not spill across in a manner of issues we call on congress to work hard at negotiationnegotiations with the house and resolve the deadlock as soon as possible. >> no nation is more worried about an u.s. debt default than it's largest debt holder, china. according to the u.s. department of treasury china owns over $1.2 trillion in u.s. bonds. >> the u.s. totally understands that we're concerned about the developments in the u.s. fiscal cliff and ask that the u.s. heed the reasonable demand to insure the sof safety of chi
economy, but also the entire global economy. this is mission critical that this be resolved as soon as possible, mission critical. >> they are no strangers to terms as mission critical. nations across the continent are still weary. deputy in austerity, riots and high unemployment greece announced it is only now projected to make positive gdp growth in six years. a global hit such as an u.s. default could risk everything. in japan, they are serious about the stateside stalemate. >>...
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economy hostage. the republicans say they want to negotiate. it not only stops those who have family members who died in action from getting their death benefits. they say they'll fix that today. >>> the announcement of janet yellen as leader of the fed. that will be announced at 3:00 p.m. eastern. we'll bring that to you. >>> in news conference say the head of the u.n. inspectors plan to visit 20 sites in syria in the next coming weeks. >>> therthere is a new study tht says u.s. adults are falling behind in reading as well. >> reporter: adults in this literacy class are catching up with skills they'll need in the 21ster centuriy. they're not alone. the measured and compared reading skills, math skills and the ability to resolve problems. researchers found that the u.s. ranked below average in all three categories. in literacy the u.s. ranked 16th out of 24. twenty-first third from the bottom in math skills, and 17th in problem-solving using technology. along with basic reading and math participants were tested onlooking at mileage. if. >> repo
economy hostage. the republicans say they want to negotiate. it not only stops those who have family members who died in action from getting their death benefits. they say they'll fix that today. >>> the announcement of janet yellen as leader of the fed. that will be announced at 3:00 p.m. eastern. we'll bring that to you. >>> in news conference say the head of the u.n. inspectors plan to visit 20 sites in syria in the next coming weeks. >>> therthere is a new study...
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this could be cataclysmic for the economy. in september, federal chairman ben bernanke warned that failure of raising the debt ceiling could have serious consequences for the economy. janet yellen will take ben bernanke's place when he steps down. >> current vice chairman, janet yellen. >> an historic nomination for a 67-year-old economist whose insider knowledge of the fed goes back 30 years. having worked her up from fed researcher to vice chair as stint of adviser and distinguished scholar along the way, janet yellen's influence is evidence in federal reserve policy. >> she has brought into the bernanke fed this more explicit role for understanding labor markets. she has already brought herself into the fed, brought her main importance, the thing that she cares about the most, into the fed policy making process. so i actually think we're going to see very little change. i think that's a good thing. we're at a time when making abrupt changes in the leadership of the central bank is not a good idea. >> reporter: the most impo
this could be cataclysmic for the economy. in september, federal chairman ben bernanke warned that failure of raising the debt ceiling could have serious consequences for the economy. janet yellen will take ben bernanke's place when he steps down. >> current vice chairman, janet yellen. >> an historic nomination for a 67-year-old economist whose insider knowledge of the fed goes back 30 years. having worked her up from fed researcher to vice chair as stint of adviser and...
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what are the things that they do or don't do that slow the economy down? >> reporter: well, the first thing is they could say, gee, i don't know what our elected officials are going to do? what are our taxes next year? what is our spending for next year? i don't know. i'll wait and see before i make the plunge to hire or expand my plan. the that's the direct affect. the indirect affect could be that it raises interest rates and causes companies to cut back on expansion plans. >> if demand is there, if jobs are growing, if people have money, if the demand is there wouldn't though companies have to expand any way? >> they would, but the question is what time and at what pace. >> and you're saying that this continued uncertainty causes them to do the least possible? >> not the least possible. it depends on which company and how they're affected by the uncertainty. think back to the end of 2012 when approaching the so-called fiscal cliff. were taxes going to go up by $400 billion a year or stay unchanged? think of the uncertainty that the corporate planner was
what are the things that they do or don't do that slow the economy down? >> reporter: well, the first thing is they could say, gee, i don't know what our elected officials are going to do? what are our taxes next year? what is our spending for next year? i don't know. i'll wait and see before i make the plunge to hire or expand my plan. the that's the direct affect. the indirect affect could be that it raises interest rates and causes companies to cut back on expansion plans. >> if...
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economy would be winding down. but when u.s. interest rates start today rise, bernanke made the surprise announcement. >> the committee decided today to keep the target range for the federal funds rate at zero to one 4th% to make no change in either its asset purchase program or its forward guidance regarding the federal funds rate target. >> reporter: the rapid shift in thinking, left investigators around the world wondering whether they could still look to the u.s. to take a lead on fiscal policy. >> we still aren't in a robust recovery by any means. we still haven't got to where we want to be on unemployment. we haven't o got to where we wat to be on growth and we have really perhaps reached the limits of what you can do with these measures. >> reporter: so it may be up to yellen to figure out how and when to stop the bank's unprecedented practice of stimulating the economy by printing more money. with an unemployment rate of 7%, timing will be everything. but yellen would face a tough political climate for making change. the
economy would be winding down. but when u.s. interest rates start today rise, bernanke made the surprise announcement. >> the committee decided today to keep the target range for the federal funds rate at zero to one 4th% to make no change in either its asset purchase program or its forward guidance regarding the federal funds rate target. >> reporter: the rapid shift in thinking, left investigators around the world wondering whether they could still look to the u.s. to take a lead...
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and that will wreak havoc on the economy. whatever you think on the federal economy and the deficits. the place to to deal with that is on the front end, during legislation and through the non-existent budgeting process on alcohocapitol hill how fenlte you that they will raise the debt ceiling. tell me what you think by tweeting me. or leave us a comment on facebook. all kidding about my hairdo aside. if you have any doubt that nailinfailing to raise the debt ceiling listen to this. if the dreel ceiling is not raie economic growth will fall. doug handler is the chief economist doug thank you so much. i want to have this conversation with my viewers without the politics. i want the economics of this. how dangerous i is it that we gt into this position october 17 october 17th that somebody duetdoesn't get paid immediatel. >> how dangerous is that. >> it's extremely dangerous. there are many things going on. 20% of government expen expendis would have to be lopped off. it could have a huge spike in interest rates as a result of
and that will wreak havoc on the economy. whatever you think on the federal economy and the deficits. the place to to deal with that is on the front end, during legislation and through the non-existent budgeting process on alcohocapitol hill how fenlte you that they will raise the debt ceiling. tell me what you think by tweeting me. or leave us a comment on facebook. all kidding about my hairdo aside. if you have any doubt that nailinfailing to raise the debt ceiling listen to this. if the...
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placing our economy in a dangerous position. it would be impossible for the united states of america to meet all of its obligations. including social security and medicare benefits payments to our military and veterans, and contracts with private suppliers. for the first time in our history. at the same time we are relying on investors from all over the world to continue to hold u.s. bonds. every week we roll over 100 billion-dollars in bills. continuing to roll over their investments. >> is rep precushions would be serious. raising the debt limit is congress' responsibility, because congress and congress alone is empowered to set the maximum amount. some in congress have suggested that raising the debt limit should be paired with a company expending cuts and reforms. i have repeatedly noted that the debt limit has nothing to do with new spending it has to doe where spending that congress has already approved and bills that have already been incurred. failing to raise the debt limit would not make these disappear. the president
placing our economy in a dangerous position. it would be impossible for the united states of america to meet all of its obligations. including social security and medicare benefits payments to our military and veterans, and contracts with private suppliers. for the first time in our history. at the same time we are relying on investors from all over the world to continue to hold u.s. bonds. every week we roll over 100 billion-dollars in bills. continuing to roll over their investments. >>...
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the global economy is also at risk, applying the brakes to the world economy. the international monetary fund has issued warnings on the ripple affects of the default. economist olivia blanchard said any effects would be felt right away leading to major disruptions in financial markets both in the united states and abroad. and they're cautioning u.s. lawmakers saying: >> those global financial markets have already shown signs of concern. and the value of the dollar hitting a eight-month low this week. >> and we have been taking a closer look each night at members of the republican voting block in house who have insisted on de funding the affordable care act as part of a spending bill. today we're looking at congressman steve king. he represents iowa's fourth congressional district, and has been in congress for 11 years. king won his last election with 53% of the vote. in the same district president obama won 45%. libby casey is at the capital now. tell us about congressman king. >> reporter: the district he represents is in northwestern iowa, and it's very rura
the global economy is also at risk, applying the brakes to the world economy. the international monetary fund has issued warnings on the ripple affects of the default. economist olivia blanchard said any effects would be felt right away leading to major disruptions in financial markets both in the united states and abroad. and they're cautioning u.s. lawmakers saying: >> those global financial markets have already shown signs of concern. and the value of the dollar hitting a eight-month...
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money in the world economy by buying and selling u.s. treasury security. president obama has announced he will nominate janet for the job and the current head of the u.s. central bank, ben bernanke steps down at the end of january. put if confirmed by the u.s. senate yellen takes over at an unpredictable time. the the u.s. central bank has been pumping money in to oh the nation's struggling economy. over the summer, bernanke said the prab teuthe practice of prie money will be winding down. when u.s. interest rates started to rise bernanke made an announcement. >> in neither its asset program or ford guidance retkparding the funds rate progress. >> the rapid shift in thinking left investors around the weld wonder whether they can still look to the u.s. to take a lead on physical policy. >> we still the around t aren't robust recovery by any means. it's where were on growth. we really reached the limit to what we can do with these measures. >> it may be up to yellen to figure out how and when to stop the bank's unprecedented practice by stimulating the econo
money in the world economy by buying and selling u.s. treasury security. president obama has announced he will nominate janet for the job and the current head of the u.s. central bank, ben bernanke steps down at the end of january. put if confirmed by the u.s. senate yellen takes over at an unpredictable time. the the u.s. central bank has been pumping money in to oh the nation's struggling economy. over the summer, bernanke said the prab teuthe practice of prie money will be winding down. when...
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. >> if something horrible happens in terms of the budget debate and the fiscal policy, and the economy suffers i think they'll wait. if the economy bounces back, as the budget situation is settled, then i think the fed may taper possibly as early as december. >> reporter: but not everyone is convinced a yellen fed will pull back soon enough. her feelings are are expected to draw fire during the confirmation in the senate. >> i think she will be part of the most liberal economists who continue to inflate the money supply. i think conservatives are concerned that there's more cost to inflation than there is benefit. >> yellen is credited to spearheading a communications policy, and is known as a consensus builder. >> the fed has the tools to influence the economy in the financial system but i believe its greatest strength is approaching decisions with expertise and objectivity. to describing russly debate diverse views and then to unite behind its response. >> but her closes associates say she can drive the tough decisions. >> she has a stiff spine. she's not going to be somebody who rol
. >> if something horrible happens in terms of the budget debate and the fiscal policy, and the economy suffers i think they'll wait. if the economy bounces back, as the budget situation is settled, then i think the fed may taper possibly as early as december. >> reporter: but not everyone is convinced a yellen fed will pull back soon enough. her feelings are are expected to draw fire during the confirmation in the senate. >> i think she will be part of the most liberal...
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economy, and there would be very negative consequences outside of the u.s. economy. if that matter was not re solved we are likely to see volatility, uncertainty and consequences on the rest of the world. >>> elsewhere libya's prime minister is now speaking out, hours after he was brazenly abducted. >> reporter: the libbian prime minister released less than 24 hours after his abduction from the hotel, he appealed for calm. >> translator: we hope this matter will be treated with wisdom and [ inaudible ], there are many things that need dealing with. >> reporter: confusion remains. the prime minister was set free after two militia bring dads threatened to use -- [ technical difficulties ] -- motives behind the kidnapping. last saturday's us-lead raid to capture al-libi angered many libbians. inofficial reports suggested that he had been taken over bribery allegations. he is thought to have issued checks to military guards who had been guarding a oil plant. over 150 gunman are said to have set siege at the time. he is said to have offered no resistance as we was lead aw
economy, and there would be very negative consequences outside of the u.s. economy. if that matter was not re solved we are likely to see volatility, uncertainty and consequences on the rest of the world. >>> elsewhere libya's prime minister is now speaking out, hours after he was brazenly abducted. >> reporter: the libbian prime minister released less than 24 hours after his abduction from the hotel, he appealed for calm. >> translator: we hope this matter will be treated...
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it's a very big part of our economy. >> that's true. home building employment peeked at 3.4 million. we lost 1.4 million. we gained back about 100,000 of those jobs in the last 12 months. it really has been slow. avoid these self-inflicted wounds of the government shutdown, the debt crisis. the interest rates have moved up a percentage point or so in the last few points since may. that is something to keep an eye on, but the thing to keep in mind is that they really have bottomed out at 735%. it's moved up about a percentage point to 4.5. it's come back since the september, no taper from the fed. but that 4.5% or less-- >> that was a percentage point higher than 3.5, but it's still very low. >> that's right. we've seen the numbers wobble up and down, but when the dust settles the buyers say this is still a very favorable environment. >> thank you for talking. tell theft to get it done them . >> is it to late to give my 11th hour resolution? >> it's never too late around here. coming up on this special edition of "real money" some of the
it's a very big part of our economy. >> that's true. home building employment peeked at 3.4 million. we lost 1.4 million. we gained back about 100,000 of those jobs in the last 12 months. it really has been slow. avoid these self-inflicted wounds of the government shutdown, the debt crisis. the interest rates have moved up a percentage point or so in the last few points since may. that is something to keep an eye on, but the thing to keep in mind is that they really have bottomed out at...
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economy, and the global economy should there be a default, but there it is, dow futures ahead. the european off their who is, a little more pessimistic that a deal may not be done or done in time. the asian markets that were trading while most of us were fast asleep ended in very positive territory today. it's really now down to harry reid and mitch mcconnell, all eyes on them. >> stock brokers pick up the phone and the people in congress listen. they are the 1%. do they know something on wall street that main street doesn't know? >> oh, you're a conspiracy theorist. i see. i don't think it's that they know something we don't know. what they are able to do, the economists, and traders and investors who are here, many aren't here, but on their way, what they are able to do is take the politician out of the situation. i think they simply cannot believe, they simply are unable to believe that the united states congress, faced with this threat that we are told by global economists, including the managing director of the world bank would cause untold disruption and possibly dean a r
economy, and the global economy should there be a default, but there it is, dow futures ahead. the european off their who is, a little more pessimistic that a deal may not be done or done in time. the asian markets that were trading while most of us were fast asleep ended in very positive territory today. it's really now down to harry reid and mitch mcconnell, all eyes on them. >> stock brokers pick up the phone and the people in congress listen. they are the 1%. do they know something on...
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just when it looks like the economy m.i.t. start to get cracks you now have thes starts to get traction,this hap. >> reporter: predictability. stability, sense of sufficiency. meaning if something goes wrong we need to feel confident there is enough cash to pay the bills. right now washington is getting failing grades on all three. [ buzzer ] >> people feel their concerns are being heard, cared for and responded to, we will calm down. that of course, will affect the economy. >> reporter: stacey tisdale, al jazeera, new york. >> business owners across all industries are already feeling the squeeze of the impasse, you may remember doug from the dc area. just as the government shutdown was beginning, doug felt losing thousands of customers would weigh on the importing industry. it's down 40 purse since the shutdown began. he's co-founder of red hook lobster d.c. nearly two weeks ago you were concerned about food truck sales as a result of the shutdown. what has happened since then? >> well, tony, it's got ten steadily worse. we'v
just when it looks like the economy m.i.t. start to get cracks you now have thes starts to get traction,this hap. >> reporter: predictability. stability, sense of sufficiency. meaning if something goes wrong we need to feel confident there is enough cash to pay the bills. right now washington is getting failing grades on all three. [ buzzer ] >> people feel their concerns are being heard, cared for and responded to, we will calm down. that of course, will affect the economy....
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we're talking of course about the world's largest economy. 20% of the worl economy is govet spending. >> mike viqueira in washington. >>> suicide bombers ataksd security forces in three egyptian cities, the suez canal and cairo. the 50 supporters of ousted president mohamed morsi by officials. >>> for complying with u.n. weapons inspectors but there's speculation that presidential bashar al-assad may be cooperating are nord to in ordeo strengthen his hold on the country. >> seems to have given him some breathing space. u.s. secretary of state john kerry offered some cautious words. >> i think it's also credit to the assad regime for complying rapidly as they're supposed to. we would hope it would continue. i'm not going to vouch today for what's going to happen months down the road but it's a good beginning and we should welcome a good beginning. >> but it's not yet clear if these good beginnings could translate into a good beginning for the president, push the message that the syrian president is the only man that can lead syria out of this crisis. his allies have also public reply s
we're talking of course about the world's largest economy. 20% of the worl economy is govet spending. >> mike viqueira in washington. >>> suicide bombers ataksd security forces in three egyptian cities, the suez canal and cairo. the 50 supporters of ousted president mohamed morsi by officials. >>> for complying with u.n. weapons inspectors but there's speculation that presidential bashar al-assad may be cooperating are nord to in ordeo strengthen his hold on the country....
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>> a warning for the global economy. asian powers tell the united states to sort its debt crisis out. more violence in brazil as teachers protest over better pay. north korea puts its military on alert after the united states moves ships into a south korean port. plus: >> i'm wayne hay in tokyo where we meet a man facing upheaval for the second time in his life, after this city's decision to host the olympic games. >> but first the world's second and third largest economies have warned the united states to sort out your debt crisis, and fast. both china and japan are predicting problems if the u.s. doesn't solve its budget deadlock by borrowing capacity soon. the asia-pacific economic cooperation summit in bali, apec, the u.s. president obama should have been there but instead decided to sort out his budget process. in bali. >> the united states situation because they're the biggest investors in debt in the united states. so obviously if this situation isn't resolved any time soon, this has -- both nations have a vested
>> a warning for the global economy. asian powers tell the united states to sort its debt crisis out. more violence in brazil as teachers protest over better pay. north korea puts its military on alert after the united states moves ships into a south korean port. plus: >> i'm wayne hay in tokyo where we meet a man facing upheaval for the second time in his life, after this city's decision to host the olympic games. >> but first the world's second and third largest economies...
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there is no reason to drag out this process and force the nation's economy ever closer to a catastrophic default. >> reporter: what would have to take place is that speaker boehner would have to set aside the rule that says there has to be the majority of republicans to bring a bill to the floor. meanwhile we are seeing poll results indicating while the republicans and democrats are both being blamed, the republicans are getting a little bit more from it. the polls shows that in the past week 75% of americans, 75% of americans are now concerned about a possible government shutdown. that's up 66% from last week. the same poll showing 30% of americans blame republicans, and 26% -- sorry -- 19% of the public blames the democrats. and that's up from 18% last week. meanwhile there is another ap poll showing overall congress has a 5% approval rating dell. >> it is hard to dip below that randall. i guess the question a lot of people are asking is what is this fight about? have republicans backed away from tying this all to the affordable care act? >> we haven't heard a lot about obamacare in pa
there is no reason to drag out this process and force the nation's economy ever closer to a catastrophic default. >> reporter: what would have to take place is that speaker boehner would have to set aside the rule that says there has to be the majority of republicans to bring a bill to the floor. meanwhile we are seeing poll results indicating while the republicans and democrats are both being blamed, the republicans are getting a little bit more from it. the polls shows that in the past...
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the united states bank is the largest economy in the world, no one imagines that the u.s. will actually default on its obligations, but two years ago we came close. patricia takes us back in time. >> reporter: raising the nation's debt ceiling had been a routine matter until 2011 when republicans in congress refused to authorize an increase arguing the nation's spending was out of control. the issue quickly became not whether to reduce the nation's deficit but how. >> in 2011 there was bipartisan interest in doing something to bring down the deficit. deficits were extremely high by historical standards, and the defeating was about what to do not whether to do something. >> reporter: republicans wants to cut government spending, while democrats favored a mix to spending and an end to tax breaks to large companies. global markets trembled. >> in 2011, the market reaction happens earlier that there was great concern in both, you know, falling consumer confidence, falling stark market. there was a lot of concern that washington might not be able to get itself act together and
the united states bank is the largest economy in the world, no one imagines that the u.s. will actually default on its obligations, but two years ago we came close. patricia takes us back in time. >> reporter: raising the nation's debt ceiling had been a routine matter until 2011 when republicans in congress refused to authorize an increase arguing the nation's spending was out of control. the issue quickly became not whether to reduce the nation's deficit but how. >> in 2011 there...
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>> basically as you said last time, the fed bumps this money into the economy. people feel wealthier. >> and it bouys how? it keeps interest rates lower. >> as house prices go up, they feel wealthier. they tend to spend more then as the demand kicks up in the system, where you want to reach is with employers. if companies are sitting on hordes of cash and you want them to boost production which is higher more workers. >> we have to start low in the food chain. we have to start with jobs first. you can't take advantage of the lower interest rates right now if you don't have a job and you don't have the confidence to keep that job. is there anything in the policy that directly impacts that end of the food chain, the job creation part of the food chain. >> indirect if at all. and it's a blunt interest. in addition to housing, the auto sector is flying right now, almost entirely by purchases financed by loans. you're making a car that much more affordable. i think broadly speaking businesses believe they know what the game plan is for the fed. and there therefore ma
>> basically as you said last time, the fed bumps this money into the economy. people feel wealthier. >> and it bouys how? it keeps interest rates lower. >> as house prices go up, they feel wealthier. they tend to spend more then as the demand kicks up in the system, where you want to reach is with employers. if companies are sitting on hordes of cash and you want them to boost production which is higher more workers. >> we have to start low in the food chain. we have to...
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and the economy is growing. we are willing to pass at least a short term budget that opens up the government at current funding levels. >> it doesn't even address the harm that has been done 'cause - because of see ques see se sequ. to we are funding programs that'thathave been really hard s year. we recognize that there are going to have to be compromises between the democrat position and the republican position. and in the meantime we shouldn't hurt the economy even worse by shutting down the government. let me give you an example. , because of the meat cleaver cuts that have taken place over the course of this year, thousands of families have lost head start slots for their children. you have had parents across the country who have been scrambling trying to figure out how can i find some decent quality child care for my kids. the government shutdown means several thousand more are going to be losing their slowtsz slot. if we vote today or tomorrow to re-open the u.s. government, at least those people will be
and the economy is growing. we are willing to pass at least a short term budget that opens up the government at current funding levels. >> it doesn't even address the harm that has been done 'cause - because of see ques see se sequ. to we are funding programs that'thathave been really hard s year. we recognize that there are going to have to be compromises between the democrat position and the republican position. and in the meantime we shouldn't hurt the economy even worse by shutting...
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the economy is in bad shape. you just showed the figures. the scarcity is that people don't have milk to feed their children. but at the same time, the ruling by decree is not going to solve the economic problems. it will look into among others things corruption and the way the state. >> but it says that, in fact, this is essential to allow him to tackle corruption. >> reporter: yes, using both arguments, the argument of the corruption and the economy. what he says is interesting. he's not only saying that there is corruption in the opposition. he's saying that there is corruption in his own camp, which is interesting to see. it will be more interesting to see how he can actually tackle corruption when it comes to his own supporters. but what's really most interesting of all of this is that he really needs an enabling law not to tackle corruption or the economy but to show that he's the strong man. he has had a lot of difficulty in peacekeeping. he knows he is not chavez. he does not have the charisma and the appeal to the people. while his
the economy is in bad shape. you just showed the figures. the scarcity is that people don't have milk to feed their children. but at the same time, the ruling by decree is not going to solve the economic problems. it will look into among others things corruption and the way the state. >> but it says that, in fact, this is essential to allow him to tackle corruption. >> reporter: yes, using both arguments, the argument of the corruption and the economy. what he says is interesting....
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economy and there would be very negative consequences outside of the u.s. economy. if that matter was not resolved, we are likely to see volatility, uncertainty, and consequences on the rest of the world. >> also today, the obama administration now freezing its military aid to egypt. the issue the violent crack down after president morsy was ousted in july. the aid will be sus spented until egypt moves to restore democracy. we are joined by a correspondent that cannot be named for security issues. >> well, the public statements find both the egyptian foreign ministry and the cabinet are that they say the decision by the american government is strange. and what they call a vital time while egypt is quote at war with terrorism. they say they will still apply the road map they are following which will modify the sconety institution and lead to elections and then on to presidential elections. and they say they will continue fighting terrorism. that's what they are saying publicly. i think we can say confidently, privately, they are seething about this decision. it is wo
economy and there would be very negative consequences outside of the u.s. economy. if that matter was not resolved, we are likely to see volatility, uncertainty, and consequences on the rest of the world. >> also today, the obama administration now freezing its military aid to egypt. the issue the violent crack down after president morsy was ousted in july. the aid will be sus spented until egypt moves to restore democracy. we are joined by a correspondent that cannot be named for...
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there's a huge impact on the economy. the value of the dollar will nosedive, so american products sold overseas are not worth as much. stocks, 401 ks and bonds go down. folks trying to buy homes or cars will see higher interest rates, so some stop shopping. some argue it may not be as bad and they will pay the things that really matter. overall many economists warn a default would be felt globally and could trigger recession worst than the one we just went through. >> thank you. >> joining us to discuss the political gridlock is the chief political strategist from the potomac research group. president obama has said he's not budging on the demand for a debt limit increase without any strings attached. what are the risks and rewards of such a decision? >> the risks are huge, del. good morning. i think several would stand out. number one, senior citizens may have to worry about getting their social security checks on november 3rd. number two, the u.s. credit rating around the world since i thought we were the safe haven to
there's a huge impact on the economy. the value of the dollar will nosedive, so american products sold overseas are not worth as much. stocks, 401 ks and bonds go down. folks trying to buy homes or cars will see higher interest rates, so some stop shopping. some argue it may not be as bad and they will pay the things that really matter. overall many economists warn a default would be felt globally and could trigger recession worst than the one we just went through. >> thank you. >>...
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and so i say that the other thing is, people always say the economy, the economy, the economy. here's the interesting thing we've learned. now that we have got a bill, the senate bill was scored and it says if you legalize 11 million people you gain $170 billion to the good, right, over the first ten years and over 20 years it is $1 trillion. that means $1 trillion is added to the federal treasury by putting them on the books. that should make sense. you put people on the books, they increase their wages, they pay more, there's more productivity, and we all benefit by allowing them. i think it's a very important economic message that's being set. >> there is a house democratic bill, what do you mean by path to citizenship? >> i don't want to come on al jazeera and be intellectually dishonest about this. i think this is something we need to confront, especially those of us who have been very committed to comprehensive immigration reform and been working in the trenches for decades on this issue. all of my bills that were introduced by john mccain and 2006, 2007, have always had
and so i say that the other thing is, people always say the economy, the economy, the economy. here's the interesting thing we've learned. now that we have got a bill, the senate bill was scored and it says if you legalize 11 million people you gain $170 billion to the good, right, over the first ten years and over 20 years it is $1 trillion. that means $1 trillion is added to the federal treasury by putting them on the books. that should make sense. you put people on the books, they increase...
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with economic sanctions crippling iran's economy. the leaders began a public relations drive with last month's u.n. speak by the president hassan rouhani who said peace was within reach and that iran's nuclear facilitieses did not threat he end the world, five powers will be at the table tuesday, john kerry told them the pro israel lobby on sunday that, quote, words must be matched with actions. and i believe firmly that no deal is better than a bat deal. for mo on this i am joined by jim walsh a research associate at m.i.t.'s security studies program and with us from washington, d.c. that reason hunter from georgetown university and a distinguished scholar with the carnegie course of no, i want to start with you, there has not been any real deal between the u.s. and iran for a railroad lonvery long time. iran has caused us lots of problems in iraq, iran remains steadfast enemy of israel. it backs hezbollah and lebanon and assad in syria. do you think secretary kerry is on the right track when he says publicly a couple of days before
with economic sanctions crippling iran's economy. the leaders began a public relations drive with last month's u.n. speak by the president hassan rouhani who said peace was within reach and that iran's nuclear facilitieses did not threat he end the world, five powers will be at the table tuesday, john kerry told them the pro israel lobby on sunday that, quote, words must be matched with actions. and i believe firmly that no deal is better than a bat deal. for mo on this i am joined by jim walsh...
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money in the economy. president obama has announced he will nominate janet yellen for the job when ben bernanke stepped down. but yellen takes over at an unpredictable time. the u.s. central bank has been pumping money into the nation's struggling economy. over the summer bernanke hinted that the practice of pumping more money into the u.s. economy would be ramping down. but then bernanke made a surprise announcement. >> we decided to keep the range at 0 to 1.4% and make no change in its asset purchase program or finance. >> the change in thinking left investors wondering whether they could still look to the u.s. to take the lead on fiscal policy. >> we still haven't got to where we want to be on [ technical difficulties ] >>> request to raise the u.s. debt limit so the country can continue paying its bills. the white house delay on nominating yellen has also caused uncertainty in the global markets, a worry that the u.s. can no longer be trusted to manage its money. >>> argentina's president is recovering
money in the economy. president obama has announced he will nominate janet yellen for the job when ben bernanke stepped down. but yellen takes over at an unpredictable time. the u.s. central bank has been pumping money into the nation's struggling economy. over the summer bernanke hinted that the practice of pumping more money into the u.s. economy would be ramping down. but then bernanke made a surprise announcement. >> we decided to keep the range at 0 to 1.4% and make no change in its...
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saying that a failure to act could do serious damage to the global economy. the group saying the that america is driving the worldwide recovery, adding we should all continue to see growth if political squabbling doesn't get in the way. >>> one consequence of the shutdown may be victims of domestic violence. kimberly has more. >> reporter: hank runs a shelter for victims of domestic violence in washington, d.c. her program relies on government money to function, and already dealing with a shortage because of federal cuts. but now with the partial shutdown she fears that soon -- >> there won't be anyplace for survivors to run to in an emergency, and more survivors will end up on the streets or end up -- god only knows -- dead as a result of domestic violence because they had no place to go. >> reporter: she estimates she can keep the shelter running for about another two weeks, then the emergency money she receives from the government will run out. president obama claimed there is a way to end america's fiscal dead lock that has kept government programs closed
saying that a failure to act could do serious damage to the global economy. the group saying the that america is driving the worldwide recovery, adding we should all continue to see growth if political squabbling doesn't get in the way. >>> one consequence of the shutdown may be victims of domestic violence. kimberly has more. >> reporter: hank runs a shelter for victims of domestic violence in washington, d.c. her program relies on government money to function, and already...
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that could have an impact on the world economy. patty culhane has more from washington, d.c. >> reporter: another day passes with the u.s. government partially shutdown, and another day passes and the u.s. is closer to possibly defaulting on the debt. the leadership, both the republicans in the house and the president here, are not necessarily sitting down to negotiate. instead, they're fighting it out in front of the cameras. >> a decision to actually go through with it, to actually permit default, according to many ceos and economists would be, and i'm quoting here, insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened the default to a nuclear bomb, a weapon too horrible to use. it would interrupt markets and undermine the world's confidence in america as the bedrock of the global economy. it might permanently increase our borrowing costs. >> this isn't about me and frankly it's not about republicans. this is about saving the future for our kids and our grandkids. the only way this is going
that could have an impact on the world economy. patty culhane has more from washington, d.c. >> reporter: another day passes with the u.s. government partially shutdown, and another day passes and the u.s. is closer to possibly defaulting on the debt. the leadership, both the republicans in the house and the president here, are not necessarily sitting down to negotiate. instead, they're fighting it out in front of the cameras. >> a decision to actually go through with it, to...
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it doesn't do anything to spur the economy. it continues a fiscal policy that is probably incorrect, but at least the government opens up, and we get good economic data and a chance to keep talking. i don't expect to come of the next two months of discussion, but at least we're not keeping things shut down -- >> nothing came of all of the discussions of august 2011. they had until the end of the year to come up with a deal. we didn't get that. why is there any belief at all that this congress can come together? >> i'm not sure that there is. you used the phrase kick the can down the road. this is an opportunity for republicans to say they got something. they got budget negotiations even though though democrats have been trying to push them into that for several months. it is an opportunity to move on, because if you look at the polls the republicans are getting kicked in the teeth with the blame of the situation. so increasing revenue and cutting entitlements will be just as difficult in january and february and they are now, b
it doesn't do anything to spur the economy. it continues a fiscal policy that is probably incorrect, but at least the government opens up, and we get good economic data and a chance to keep talking. i don't expect to come of the next two months of discussion, but at least we're not keeping things shut down -- >> nothing came of all of the discussions of august 2011. they had until the end of the year to come up with a deal. we didn't get that. why is there any belief at all that this...
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a warning for the global economy, asia tells the united states to sort of the debt crisis and fast. hello and welcome, i'm steve in doha and the stop stories around the world on al jazeera. north korea has military on alert after united states moves ships in a south korea port. u.n. secretary says weapons experts may be needed to deal with the chemical stockpile. plus. >> i am in spain, people here are accusing the government of sabotaging years of progress in renewable energies and putting a tax on the sun. ♪ but first the world's second and third largest economies warned the united states sort out your debt crisis and do it fast and china and japan predict problems if they do not resolve the deadlock or borrowing capacity soon and this was the cooperation summit in bali and the president should have been there but he stayed home to try to sort out his problems and this is a report from bali. >> reporter: the apex summit has officially been wrapped up, the leaders are all going home and we are left with the question how is this apex summit going to be remembered if at all. it was
a warning for the global economy, asia tells the united states to sort of the debt crisis and fast. hello and welcome, i'm steve in doha and the stop stories around the world on al jazeera. north korea has military on alert after united states moves ships in a south korea port. u.n. secretary says weapons experts may be needed to deal with the chemical stockpile. plus. >> i am in spain, people here are accusing the government of sabotaging years of progress in renewable energies and...
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economy, and there would be very negative consequences outside of the u.s. economy. if that matter was not resolved, we're likely to see volatility and consequences on the rest of the world. >> the issue of the debt ceiling has taken precedence in the shut down in last days. and members of both sides of the aisle are trying to get the talks moving in a more positive direction, and if there's a direction, it has already been reached. wall street likes what's happening in washington right now, the stocks right now, at 179, just about 15 minutes ago, they had topped 200 points, which was quite a swing, based on what was happening in the last 48 hours, and they're holding onto a strong gain, and breaking through the stalemate. washington wanting it to happen because as they indicated, this is not a time to play with the good faith and credit of the u.s. >>> we want to go back to randall pinkston, and i understand that the white house has reacted to what is or may be a deal in the works. >> yes, the white house has gotten the memo, a deal from the white house, reacting to
economy, and there would be very negative consequences outside of the u.s. economy. if that matter was not resolved, we're likely to see volatility and consequences on the rest of the world. >> the issue of the debt ceiling has taken precedence in the shut down in last days. and members of both sides of the aisle are trying to get the talks moving in a more positive direction, and if there's a direction, it has already been reached. wall street likes what's happening in washington right...
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president has told republicans to stop holding economy to ransom. barack obama is trying to end the deadlock, which has shutdown parts of the government for more than a week. in a few days he has to grapple with extending the country's borrowing capacity and that could have an everybody bigger the make on the worlimpact on t. >> reporter: another day passes with the u.s. government par shalpartially shutdown and the e duh closer to default on the ground debt. the leadership both the republicans and house and the president here are not necessarily sit do you think negotiate. instead, they are fighting it out in front of the cameras. >> a decision to actually go through with it, to actually permit default, according to many ceos and economists would be, and i am quoting here, insane, catastrophic, chaos, these are some of the more polite wards, war earn buffer he had liken it had to a nuclear bomb. a weapon too horrible to use. it would disrupt markets, it would under mine the world's confidence in america as the bedrock of the global economy. and it
president has told republicans to stop holding economy to ransom. barack obama is trying to end the deadlock, which has shutdown parts of the government for more than a week. in a few days he has to grapple with extending the country's borrowing capacity and that could have an everybody bigger the make on the worlimpact on t. >> reporter: another day passes with the u.s. government par shalpartially shutdown and the e duh closer to default on the ground debt. the leadership both the...
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we are in a global economy. so whatever it's set as the rest of the world is watching very close. >> reporter: one of the first and most important did he sins she will be asked to make when to stop the policy she helped career i'm the u.s. basically printing money in order to keep interest rates low. any talk of slowing that down has had huge impact on the current sir emerging markets -fplz yell edge wamarkets.yelles first choice but compared to her peers she's had the best record on predicting where the economy is headed. her focus is expected to be more on he creating jobs and less on inflation and she is expected to take steps outgoing fed chief ben bernanke didn't. >> janet yellen is expected to take regulation more seriously and far more willing to actually regulate. yellen was one of the free people that predicted the last recession, once she nailed chair watch. federal reserve her job will be not only to spot the next one but it to try to stop it. al jazerra, washington. >> just ahead on al jazerra, a dat
we are in a global economy. so whatever it's set as the rest of the world is watching very close. >> reporter: one of the first and most important did he sins she will be asked to make when to stop the policy she helped career i'm the u.s. basically printing money in order to keep interest rates low. any talk of slowing that down has had huge impact on the current sir emerging markets -fplz yell edge wamarkets.yelles first choice but compared to her peers she's had the best record on...
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economy a group of conservative republicans is pushing back an upsetting some of the g oovment p's best friends business owners these republicans are debt deniers. they say the obama administration is exaggeratings the impact of the debt limit. >> i don't think that the credit of the united states is going to increase the collapse. i think it's a lot of democrat going tory. >> there is zero chance that the u.s. government is going to default on it's debt. >> i don't want to default and no one i have talked to wants to default bah they are two different entities. >> failing to meet it's responsibilities it could deeply damage dpngsal markets. the ongoing economic recovery and the jobs and savings of millions of americans. i have a responsibility to be transparent with the american people about these risks. >> i think it will be a grave mistakes to discount them or dismiss them. i have urge congress to take acn immediately so we can honor our past commitments. >> he has the biggs community worried. the u.s. chamber of commerce says the congress should act to avoid inflicting stanley cup s
economy a group of conservative republicans is pushing back an upsetting some of the g oovment p's best friends business owners these republicans are debt deniers. they say the obama administration is exaggeratings the impact of the debt limit. >> i don't think that the credit of the united states is going to increase the collapse. i think it's a lot of democrat going tory. >> there is zero chance that the u.s. government is going to default on it's debt. >> i don't want to...
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this could effect growing economies and emerging economies. everybody is warning this is a bad thing to play with. the united states could do damage to the world, not just the u.s. >> how complicated is it for the treasury to prioritize it's payments in the event that the country goes over the debt limit? >> the treasury puts out 100 million payments a month. they can't. once they get to a point that they have a pool of money and more payments than they can pay for, they can't prioritize even if they wanted to. hypothetically what they do, we'll discuss what they could do, but it's impossible. >> right at the top of the show, ali velshi, see you then. >> diane nyad is doing her part to help those effected by hurricanes. just last month you'll recall the 64-year-old became the first person to run the 110 miles to swim from cuba to the u.s. without a shark cage. >> and michael eaves is here with a look at your sports headlines. >> reporter: yes, the nfl growing popularity and the nfl is trying to capitalize on it. commissioner roger goodell said
this could effect growing economies and emerging economies. everybody is warning this is a bad thing to play with. the united states could do damage to the world, not just the u.s. >> how complicated is it for the treasury to prioritize it's payments in the event that the country goes over the debt limit? >> the treasury puts out 100 million payments a month. they can't. once they get to a point that they have a pool of money and more payments than they can pay for, they can't...
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falling into default would have what the report would call a catastrophic blow to the economy. increased inflation, u.s. interest rates will rise which will make mortgages more expensive and slow economic growth in the u.s., which will most surely mean fall of growth in other markets. after days of pointing the finger and laying blame, things to be finally moving. allen fisher, al jazeera, washington. >>> given 50 years for war crimes by an international tribunal in may of last year also found guilty of using the proceeds from diamond sales to finance rebels in sierra leone during is its civil war. >>> the central african republic is a country in effectively free fall. if it is not a fallen state it could be. splintering and fighting itself, there is a humanitarian emergency. now the u.n. security council has unanimously voted on a new resolution supporting a strength in u.n. political mission in the country and african peace keepers who are supposed to take control, take order, say it will be hard, one presence of the lord's resistance army, first started in uganda and parts o
falling into default would have what the report would call a catastrophic blow to the economy. increased inflation, u.s. interest rates will rise which will make mortgages more expensive and slow economic growth in the u.s., which will most surely mean fall of growth in other markets. after days of pointing the finger and laying blame, things to be finally moving. allen fisher, al jazeera, washington. >>> given 50 years for war crimes by an international tribunal in may of last year...
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economy hostage. senate democrats came out a time ago to talk about the ongoing budget battle. >> i'll say it once again. open the government, pay our bills. we are happy to negotiate on anything. we -- we have given boehner what he wanted. number 1, his number. we did that. it was hard to do. you have all heard me say that. number two, he said he wants a conference. we said we'll go to conference to you on anything you want, all you need to do is open the government and let us pay our bills. >>> and the president will nomination janet yeller as the head of the federal reserve bank. >>> in a news conference earlier today the head of the un inspectors saying can experts plan to visit 20 sites in the upcoming weeks. >>> the saying goes once bitten twice shy, and you would think that would also apply to sharks. >> reporter: greg pickering is either the unluckiest man or the luckiest. he was diving for eddingable sea snail that is very prized in restaurants in asia. when a shark thought to have been a gre
economy hostage. senate democrats came out a time ago to talk about the ongoing budget battle. >> i'll say it once again. open the government, pay our bills. we are happy to negotiate on anything. we -- we have given boehner what he wanted. number 1, his number. we did that. it was hard to do. you have all heard me say that. number two, he said he wants a conference. we said we'll go to conference to you on anything you want, all you need to do is open the government and let us pay our...
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there's a huge impact on the economy. the value of the dollar so american products sold over seas are not worth as much. stocks, 401k, bonds, they all go down. they try to have loans or higher interest rates. people stop shopping. some argue it may not be as fast. perhaps the treasury will pull off the accounting tricks and fay things that really matter. many economists want the default globally and could trigger a recession worse than the one we just went through. >>> big changes at the top of the federal reserve, the white house says it the nominating tomorrow to suck saoes succeed e as chairman. she is expected to continue bernanke's policies. his term ends in january. there's two stories that can effect an already jittery market. he's the senior economists at economic analytical research. what impact did that have on the market? >> it should have a calming impact. it is, as we've indicated a moment ago. not a very close ben bernanke. she's a steady hand. she will not come with the same controversy that larry sumers wi
there's a huge impact on the economy. the value of the dollar so american products sold over seas are not worth as much. stocks, 401k, bonds, they all go down. they try to have loans or higher interest rates. people stop shopping. some argue it may not be as fast. perhaps the treasury will pull off the accounting tricks and fay things that really matter. many economists want the default globally and could trigger a recession worse than the one we just went through. >>> big changes at...
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we will suffer a lot. >> reporter: the world's two largest economies are deeply interconnected. china is the largest foreign holder of u.s. debt, and the u.s. is china's second largest export market. over the last few years, china has been exporting more than importing and accumulated the world's largest horde of foreign reserves. the chinese government has expressed concern over the u.s. possibly defaulting on its debt. but chinese state media has gone a step further, calling the u.s. a hypocritical nation with a dysfunctional government, saying it is the time to de-americanize the world. as it stands china holds nearly 3.5 trillion in u.s. dollar assets, 1.28 trillion in u.s. treasury bonds. it has already begun to diversify those holdings. >> [ inaudible ] so it's something really knew, and we have no experience, so i don't know what will happen. >> reporter: but one thing is certain, whatever does happen will affect not just china, but the entire global economy. if the u.s. defaults on its debt, it will help prove china's point that u.s. dominance in world affairs is declini
we will suffer a lot. >> reporter: the world's two largest economies are deeply interconnected. china is the largest foreign holder of u.s. debt, and the u.s. is china's second largest export market. over the last few years, china has been exporting more than importing and accumulated the world's largest horde of foreign reserves. the chinese government has expressed concern over the u.s. possibly defaulting on its debt. but chinese state media has gone a step further, calling the u.s. a...
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that's shy of 2008 when the economy imploded. one in five children lives in a household that has difficulty feeding them. the day in a palm beach, florida family, struggling to put food on the table. >> reporter: jerome is nine years old, but he's growing into a young man. he's 110 pounds. >> he's a big boy, and i want to say we don't have enough food, that would kill a mother. >> reporter: he eats breakfast at his elementary. >> i like it because it's free food. >> reporter: they serve free breakfast. 94% of the students eat free or reduced lunches. >> food insecurity. >> in addition [ audio difficulties ] al jazeera america - a new voice in american journalism - >> introduces america tonight. >> in egypt, police fired teargas at supporters of the ... >> a fresh take on the stories that connect to you. [[voiceover]] they risk never returning to the united states. >> grounded. >> real. >> unconventional. [[voiceover]] we spent time with some members of the gangster disciples. >> an escape from the expected. >> i'm a cancer surviv
that's shy of 2008 when the economy imploded. one in five children lives in a household that has difficulty feeding them. the day in a palm beach, florida family, struggling to put food on the table. >> reporter: jerome is nine years old, but he's growing into a young man. he's 110 pounds. >> he's a big boy, and i want to say we don't have enough food, that would kill a mother. >> reporter: he eats breakfast at his elementary. >> i like it because it's free food....
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Oct 8, 2013
10/13
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ALJAZAM
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and world economy. if the u.s. does not vote to raise the debt ceiling. it's not just a question of prioritizing with the money still coming in. it will have an effect of the social security checks and interest rates on consumers. the president sounding the alarmed time analarmtime and ti. the president has said time-and-time again he has enough votes. >> there have enough votes to support a clean spending bill. are the votes still there? >> he is probably right, tony. i have to tell you after years of covering the house of representatives, when push comes to shove you don't know how far they will go. you can expect the fast majority of rum republicans will stay wih the conservative base and the speaker himself is staying with the conservative base and voting with the government the middle of the road the mo moderate republicans which way will they go when push comes to shove. many have come out saying they would vote for a such a thing and possibly pushing them over the threshold. >> libby casey has been in washington all morning. what is happening on th
and world economy. if the u.s. does not vote to raise the debt ceiling. it's not just a question of prioritizing with the money still coming in. it will have an effect of the social security checks and interest rates on consumers. the president sounding the alarmed time analarmtime and ti. the president has said time-and-time again he has enough votes. >> there have enough votes to support a clean spending bill. are the votes still there? >> he is probably right, tony. i have to...
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83
Oct 15, 2013
10/13
by
ALJAZAM
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it didn't cure the economy. it didn't cure race relations in the city, but for four months that summer when the tigers played at tiger stadium that evening, everything else stopped and everyone was together for a common pumps. that was to see the detroit tigers win. >> reporter: the motto translated from latin means we hope for better things. it hall rise from the ashes. and sports in detroit have been a recurring source of hope and faith as the city plans to reset it's financial future. the sports teams will continue to play their role on and off the field in keeping the city of detroit alive. >> that was john henry smith reporting. while the detroit lions are off until sunday a lot of eyes are on the baseball team because they're going up against the boston red sox and currently in the bottom of the seventh inning. boston has a 1-0 lead in this one. and it looks like it was mike napoli who hit the run to give boston that 1-0 oh lead and justin verlander, their ace, he has pitched seven innings and ten strike o
it didn't cure the economy. it didn't cure race relations in the city, but for four months that summer when the tigers played at tiger stadium that evening, everything else stopped and everyone was together for a common pumps. that was to see the detroit tigers win. >> reporter: the motto translated from latin means we hope for better things. it hall rise from the ashes. and sports in detroit have been a recurring source of hope and faith as the city plans to reset it's financial future....
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126
Oct 12, 2013
10/13
by
ALJAZAM
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when you buy american and that money trickles back into the san francisco economy. if those conscious consumers are becoming penny pinching consumers they are going to make different decisions and they will buy lower quality products and that will have a trickle down effect on all of us. >> is it too soon to sigh an impact on your business? >> it's a little too soon. >> what did you tell -- >> i told the president and the president was very committed to everybody around the table. all of us small business owners in his commitment to solving this problem and understanding particularly for us retailers punting it down six weeks down the road is not a solution whatsoever. it need to be solved by the long haul so we don't address this. >> the president listened to everyone around the table talk about their business individually and what we saw are the changes we have to make should the government shutdown linger longer. >> are they going to spend time talking to congress people as well? >> i know a number of them had a packed afternoon after our conversations with the p
when you buy american and that money trickles back into the san francisco economy. if those conscious consumers are becoming penny pinching consumers they are going to make different decisions and they will buy lower quality products and that will have a trickle down effect on all of us. >> is it too soon to sigh an impact on your business? >> it's a little too soon. >> what did you tell -- >> i told the president and the president was very committed to everybody around...
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94
Oct 10, 2013
10/13
by
ALJAZAM
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economy but also to the global economy as a result of this spill-over effect. >> what she is talking to is not only will there be lots of people who won't get paid, but overseas, countries who have fully expect to get paid. and economists like christine and many, many others are phoning up the white house and the congress and saying don't do it. don't do it. >> not of pre -- lot of pressure. thank you. >>> former pakistani president is back in custody. he faces charges connected to a 2007 raid on a mosque in the capitol. kamal has the latest. >> reporter: pakistan's former military ruler is rearrested at his farmhouse where he has been detained for over six months. the new case was registered just a month ago on the orders of a judge. it implicates him in ordering the attack on the red mosque in which a number of people were killed in 2007. the former military's lawyers were jubilant about the fact that their client was granted bail in three important cases against him, and he was able to move around the country as such, as well as go out of the count think. that of course will now b
economy but also to the global economy as a result of this spill-over effect. >> what she is talking to is not only will there be lots of people who won't get paid, but overseas, countries who have fully expect to get paid. and economists like christine and many, many others are phoning up the white house and the congress and saying don't do it. don't do it. >> not of pre -- lot of pressure. thank you. >>> former pakistani president is back in custody. he faces charges...